May 31, 2018 Comments (0) Blog, Current Investigations

BRS Labs – Behavioral Recognition Systems – Giant Gray Inc. – Investigation

brs labs
(Last Updated On: May 31, 2018)

Concerned about investment losses in BRS Labs?

Have you suffered losses investing in BRS Labs (a/k/a Giant Gray) at the recommendation of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.

According to the Securities and Exchange Commission, the regulator has charged BRS Labs, a Houston tech company, and its former CEO, with allegedly fraudulently raising approximately $28 million from investors. The SEC alleges $7.8 million of those proceeds were diverted for the former CEO’s personal benefit.

According to the complaint, investor money was allegedly diverted to Davis and his wife’s joint banking account to purchase ancient jewelry, gold, and spent on other personal expenses.

BRS and its CEO also allegedly used fake invoices in the names of two shell companies Davis controlled, the Blackstone Group, Inc. and Afcon Communications, Inc., to cover their tracks.

Investigating Potential Claims

The White Law Group continues to investigate potential claims involving FINRA registered broker dealers who may have recommended BRS Labs (Giant Gray Inc.) to investors.

If you suffered losses investing in BRS Labs (Giant Gray Inc.) at the advice of your financial advisor, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call the offices at 1-888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at www.whitesecuritieslaw.com.

 

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